Transcription
And let's talk with Anil Singhvi, the Managing Editor of Business. Sir, very good morning. There is peace in the Middle East, then why is there a fall in global markets including Gift Nifty? Good morning, friend. See, it's okay, there's no particular problem for the Indian markets, most signals are positive. In America, the rally wasn't as much as we thought. At the closing time yesterday, Dow Futures were trading 550 points up, Nasdaq Futures were 400-450 points up. Compared to that, the American markets rose a little less. I mean, the Dow didn't see that much of a rally. Nasdaq was slightly down. So, one is that reaction. Today, there is a mood of weakness in Asia, so because of that, you are seeing a slight pressure. But for us, the signals are good. Crude is around $86-$87. It doesn't make much difference. Your Rupee closed strong. If you look at yesterday's data for FIIs and local funds, it's good. You will see some selling in FII cash. But net-net, in F&O, combining index and stock futures, there is good buying. Domestic funds are continuously buying. So, I don't think anything has changed for us. In fact, the losses in Korea and Japan are good for our IT stocks. So, my belief is that today is the day of monthly expiry. You might get trading opportunities on both sides in the markets. So, wait for the opening. Let it move in one direction first. If it reaches the resistance levels, then after some light profit booking and selling there, you can wait to come back down. The level around 24,000 is important, and the market closed there yesterday. In such a situation, if a fall comes first, then a buying opportunity will also arise around the support levels. So, my understanding is that Indian markets will not be significantly affected by the fall in Asian markets or the sluggishness in the American market, and the action here in the market, the recovery that was built yesterday, that recovery action can increase again. So, I would wish that if there is a bit more fall, if it opens with a sharp fall, say 100-100 points down in Nifty, then perhaps an immediate buying opportunity will arise. But if it opens around 25-100 points down, as Gift Nifty shows, then we will wait a bit, let it settle at the opening level, and then decide. Absolutely, absolutely sir. What are the important levels being noted for Nifty and Nifty Bank? 23,800-23,900, this is the range where you should buy. Buy as soon as it reaches this range, there is no problem. That's the first thing. On the upside, 24,050-24,175 is your resistance range. Some light profit booking might come there. As far as Bank Nifty is concerned, 56,550-56,825 will act as immediate support for you. The range of 57,350-57,550 in Bank Nifty on the upside can be seen as light profit booking. So, this is the initial range. After that, let's see if the markets remain calm on expiry day or show a big move. My belief is, given the data and the global environment, there might not be too much volatility. But yes, if an opportunity arises at the right level with a slight fall, then there will be a chance to buy. Thank you very much, sir, for talking.